Investing in a home in Hyderabad
- 23 January 2018
Real estate investments vary with every state, locality (even zones) and neighborhood in which a property is located. Returns on property depend on multiple factors such as government policy, infrastructural development, industrial development, job creation, and rural-urban migration, among other factors.
Hyderabad is fast emerging as one of the best performing residential real estate destinations in India, driven by strong fundamentals such as existing/planned infrastructure and other economic growth drivers. A robust IT/ITeS sector, healthcare sector, and improved business opportunities have contributed to the growth of residential real estate across segments and micro markets in Hyderabad.
Moreover, Hyderabad is fairly competitively priced, vis-à-vis property rates in the top residential real estate markets across India, which ensures that homes are affordable and well within the reach of buyers across segments. That residential real estate in the city is primarily end user driven adds to its attractiveness. In fact, Hyderabad is often considered to be at par with Bengaluru and Pune, in terms of the city’s IT prowess, and considering the inward migration of professionals. What is a good time to invest in Hyderabad?
The answer to that is now. And for multiple reasons. Hyderabad has consistently been rated as one of the best Indian cities to live in. One of the few cities to have demonstrated sustained growth in both residential sales and new launches over the last few years, Hyderabad’s growth potential is perceived as strong and reliable.
Very importantly, that Telangana is leveraging its IT prowess to transform the state economy is well known. After all, something has to be special about a city when large multinationals such as Amazon, Facebook, Microsoft, Google and Apple choose it as a second home, citing pool of quality talent, state-of-the-art infrastructure and a progressive government! Furthermore, the revered Swedish home furnishing company IKEA has chosen Hyderabad for its flagship store in India, and its contact center.
Infra Focus – Major spends have recently been announced to strengthen the infrastructure of Hyderabad. Focus areas include the mega Hyderabad Metro project, construction of IT parks, road upgradation, flyover construction, water supply/management to larger parts of the city, improved electricity supply/management, etc. A new terminal at the Rajiv Gandhi International Airport and Metro rail link up to the airport is also being planned. Plans are also afoot for upcoming mega industrial parks located on the outskirts of Hyderabad.
A city of choices:
When buying flats in Hyderabad, one is advised to well consider the wide range of choices available. Ranging from villas to standalone bungalows, and affordable homes to apartments in Hyderabad, Hyderabad offers a plethora of options to choose from.
Locations in Hyderabad:
While Hyderabad has been performing well across locations, West Hyderabad’s residential appeal has remained consistently strong. Its proximity to IT/ITeS and BFSI hubs continues to attract homebuyers, with areas adjoining hubs like HITEC city and Gachibowli emerging as preferred real estate destinations. Kukatpally, where Ashvita by Mahindra Lifespaces is located, is in close proximity to HITEC city and an area which has witnessed strong residential sales momentum, with those employed in the IT/ITeS sector looking for homes in the vicinity with befitting quality standards, features and amenities.
With the reasons mentioned above, properties in Hyderabad appear lucrative and prudent.